Merc Mutual - Property Securities Fund - Managed Fund (Closed)

Fund Objective

This product aims to provide quarterly tax-effective income and moderate long term capital growth from an actively managed spread of listed property trust units. Minimum recommended period of investment is four or more years.

Fund Strategy

The investment strategy of the Property Securities Fund is to focus on property trusts listed on the Australian Stock Exchange. The Fund will include a diversified range of listed property trusts invested in different types of property in locations around Australia. A small portion is held in money market investments. Portfolio ranges: listed property trusts 85-100%, Australian fixed interest securities, cash and liquids 0-15%.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	4.04%	2.07%	4.55%	8.19%	12.7%	10.51%	-%	-%
Growth return	4.04%	0.76%	1.53%	2.9%	7.15%	4.87%	-%	-%
Income return	0%	1.31%	3.02%	5.29%	5.55%	5.64%	-%	-%
Market index (S&P/ASX 200 A-REIT TR)
Total return	8.59%	-7%	-11.26%	-0.2%	4.33%	9.19%	6.18%	5.88%

As at 30 Nov 1997. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

Australian Equities: 3.69%

International Equities: 0.13%

Cash: 2.23%

Property & Infrastructure: 92.65%

Fixed Interest: 0%

Alternatives: 1.29%

General Information

Fund Details

Type	Description
Fund Name	Merc Mutual - Property Securities Fund
Fund Status	Closed
Responsible Entity	Mercantile Mutual Funds Mgmt Aus Ltd
APIR Code	AJF0013AU
Sector/Asset Class	Equity Australia Real Estate
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	3 Sep 1993
Fund Size	$0.54 million (as at 31 Oct 1997)
Entry Price	$1.0672 (as at 4 Dec 1997)
Exit Price	$1.0672 (as at 4 Dec 1997)
Fund Status	Finalised

Offer information

Type	Description
MER	2% (as at 30 Jun 1997)
Minimum initial investment	$1,000.00

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FAQs about the Merc Mutual - Property Securities Fund

What is the objective of the Merc Mutual - Property Securities Fund managed fund?

The objective of the Merc Mutual - Property Securities Fund managed fund is This product aims to provide quarterly tax-effective income and moderate long term capital growth from an actively managed spread of listed property trust units. Minimum recommended period of investment is four or more years.

What is the strategy for the Merc Mutual - Property Securities Fund managed fund?

The strategy of the Merc Mutual - Property Securities Fund managed fund is The investment strategy of the Property Securities Fund is to focus on property trusts listed on the Australian Stock Exchange. The Fund will include a diversified range of listed property trusts invested in different types of property in locations around Australia. A small portion is held in money market investments. Portfolio ranges: listed property trusts 85-100%, Australian fixed interest securities, cash and liquids 0-15%.

What is the APIR code of the Merc Mutual - Property Securities Fund managed fund?

The APIR code of the Merc Mutual - Property Securities Fund managed fund is AJF0013AU.

What was Merc Mutual - Property Securities Fund’s total return last month?

Merc Mutual - Property Securities Fund’s total return last month was 4.04%. This was made up of a growth return of 4.04% and an income return of 0%. These returns were calculated as at 30 Nov 1997.

What was Merc Mutual - Property Securities Fund’s total return for the last three months?

Merc Mutual - Property Securities Fund’s total return for the last three months was 2.07%. This was made up of a growth return of 0.76% and an income return of 1.31%%. These returns were calculated as at 30 Nov 1997.

What is Merc Mutual - Property Securities Fund’s one-year total return?

Merc Mutual - Property Securities Fund’s one-year total return is 8.19%. This was made up of a growth return of 2.9% and an income return of 5.29%. These returns were calculated as at 30 Nov 1997.

What is Merc Mutual - Property Securities Fund’s three-year total return?

Merc Mutual - Property Securities Fund’s one-year total return is 10.51%. This was made up of a growth return of 4.87% and an income return of 5.64%. These returns were calculated as at 30 Nov 1997.

What is the asset allocation of the Merc Mutual - Property Securities Fund managed fund?

The asset allocation of the Merc Mutual - Property Securities Fund managed fund is :

Australian Equities: 100%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Merc Mutual - Property Securities Fund managed fund?

The Responsible Entity for the Merc Mutual - Property Securities Fund managed fund is Mercantile Mutual Funds Mgmt Aus Ltd.

What sector/asset class does the Merc Mutual - Property Securities Fund managed fund belong to?

The Merc Mutual - Property Securities Fund managed fund belongs to the Equity Australia Real Estate sector/asset class.

What is the size of the Merc Mutual - Property Securities Fund managed fund?

As at 31 Oct 1997, the size of the Merc Mutual - Property Securities Fund managed fund was $0.54 million.

What is the inception date of the Merc Mutual - Property Securities Fund managed fund?

The Merc Mutual - Property Securities Fund managed fund has an inception date of 3 Sep 1993.

What is the current entry price of the Merc Mutual - Property Securities Fund managed fund?

The current entry price of the Merc Mutual - Property Securities Fund managed fund is $1.0672 per unit and the current exit price is $1.0672 per unit (as at 4 Dec 1997).

What is the current exit price of the Merc Mutual - Property Securities Fund managed fund?

The current exit price of the Merc Mutual - Property Securities Fund managed fund is $1.0672 per unit and the current entry price is $1.0672 per unit (as at 4 Dec 1997).

What is the minimum investment amount for the Merc Mutual - Property Securities Fund managed fund?

The minimum initial investment amount for the Merc Mutual - Property Securities Fund managed fund is $1,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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